Partners Capital Investment Group LLP Purchases Shares of 248,360 Pacific Gas & Electric Co. $PCG

Partners Capital Investment Group LLP acquired a new stake in Pacific Gas & Electric Co. (NYSE:PCG) during the second quarter, Holdings Channel reports. The institutional investor acquired 248,360 shares of the utilities provider’s stock, valued at approximately $4,177,000.

Several other institutional investors have also recently modified their holdings of PCG. Keating Financial Advisory Services Inc. acquired a new stake in shares of Pacific Gas & Electric during the second quarter worth about $28,000. Tobam purchased a new stake in Pacific Gas & Electric in the fourth quarter valued at approximately $30,000. Torren Management LLC acquired a new position in Pacific Gas & Electric in the 4th quarter worth approximately $33,000. Modus Advisors LLC acquired a new position in Pacific Gas & Electric in the 4th quarter worth approximately $36,000. Finally, CoreCap Advisors LLC raised its position in Pacific Gas & Electric by 13.1% during the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock worth $98,000 after buying an additional 677 shares during the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PCG. BMO Capital Markets decreased their price objective on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Weiss Ratings lowered shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Wall Street Zen cut shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group restated a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Finally, Morgan Stanley lowered their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Pacific Gas & Electric has an average rating of “Moderate Buy” and a consensus target price of $22.20.

Insider Activity

In related news, EVP Marlene Santos sold 158,250 shares of the stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the sale, the executive vice president directly owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is currently owned by corporate insiders.

Pacific Gas & Electric Trading Up 2.8%

Shares of NYSE:PCG opened at $18.10 on Tuesday. Pacific Gas & Electric Co. has a 12-month low of $14.34 and a 12-month high of $19.16. The company has a market capitalization of $48.50 billion, a PE ratio of 13.11, a PEG ratio of 1.14 and a beta of 0.28. The business has a 50 day moving average of $17.31 and a two-hundred day moving average of $17.30. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, analysts forecast that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

About Pacific Gas & Electric

Pacific Gas & Electric (NYSE: PCG) is an investor-owned utility holding company whose principal operating subsidiary, Pacific Gas and Electric Company, provides electricity and natural gas service in northern and central California. The company’s core activities include the generation, procurement, transmission and distribution of electric power, as well as the transmission and distribution of natural gas. PG&E serves a broad mix of residential, commercial, and industrial customers across urban and rural communities within its California service territory.

PG&E’s operations encompass utility infrastructure planning and construction, grid operations, customer service and energy procurement.